The global recession continues to create new realities for students, institutions, and faculty members engaged in higher education. This blog chronicles those changes for academic / historical record purposes. Click on the URL at the end of each posting to view the complete news report.

Sunday, November 8, 2015

Paine College Unable to Make Payroll - Inside Higher Ed

Paine College, a historically black institution in Georgia, announced Friday that it could not make its most recent payroll. A statement on the college's website said Paine was hoping to make up for the funds soon, perhaps within a week. The Augusta Chronicle reported that Paine told creditors it would make payroll by "no later than Jan. 8." But the Paine website statement said that it was "not true" that employees won't be paid for the rest of the year. The statement said that "no final decisions have been made" about any future pay.
https://www.insidehighered.com/quicktakes/2015/11/02/paine-college-unable-make-payroll